Britannia Industries reported a 33% jump in consolidated net profit

Britannia Industries has reported a 33% jump in consolidated net profit to Rs 402.73 crore for the second quarter. The company had posted a net profit of Rs 303.03 crore in the year-ago period. Britannia Industries share price closed 5% higher at Rs 3,270.25 on BSE. Meanwhile, Macquarie noted that the volume growth of the company remained weak at 3 percent and on the balance sheet side, inventory days have gone up significantly. The global brokerage firm has retained an 'underperform' rating on the stock. Britannia Industries reported consolidated revenue growth of 6% for the quarter ending September at Rs 3,023 crore. Britannia also reported sequential revenue growth of 13%.